Busy Week and it Shows

Busy Week and it Shows

by | Dec 3, 2016 | Blog, Home Owners, Investors, Realtors

It was a busy week in economic news, and the rates show it. Tuesday we got a revised GDP for October up to 5.3% from 2.9% – wow did the US start producing or what? Such a big jump was not “mortgage interest rate friendly”. Wednesday the ADP payroll number came...

Why Did Rates Go Up?

by | Nov 13, 2016 | Blog, Home Owners, Investors, Realtors

Like me, I’m sure you are glad the elections are over. The night of the elections, the stock market futures lost 800 points, but on November 9th, rebounded. A strong rebound! In fact, investors ran to the stock market, giving it the biggest its biggest increase in one...
Back Down to a Quiet Week

Back Down to a Quiet Week

by | Sep 18, 2016 | Blog, Home Owners, Investors, Realtors

Overall it was a quiet week in economic data. August retail sales were down 0.3% t,he August PPI was unchanged, and the weekly jobless claims were up 1000. Collectively that should have helped interest rates come down (bad news is good for rates). The CPI was up...
Rates Inch Up

Rates Inch Up

by | Aug 26, 2016 | Blog, Home Owners, Investors, Realtors

This week saw rates inch up a little on the rumor, then some words from Fed Chairman Janet Yellen indicating the US economy may be firming up enough to withstand an increase of the Fed Funds rate.  So what news backed this up? The first big news was that New Homes...
Busy Week and it Shows

No Big Changes

by | Aug 20, 2016 | Blog, Home Owners, Investors, Realtors

Another quiet week in the markets, typical for late summer. What could have moved the markets and didn’t were the Consumer Price Index , which was unchanged, and housing starts were up 0.5%, building permits unchanged. So flat, flat, flat.  The next day the data for...